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Is the worst over for the UK banking sector?

As Barclays Bank stands on the verge of announcing the £3 billion disposals of its iShares business there is a growing belief that the worst may be over the UK banking sector. However, before we all rush back into the UK stock market and invest our savings, it is worthwhile remembering that while recent economic figures might indicate the start of a recovery process, there is still some way to go.

The UK banking sector has suffered tremendous loss over the last 12 months and the fact that the UK government is now heavily involved in a number of operations needs to be considered. A return to a "free market" may be some way off and while there are signs that liquidity is now dripping back into the UK mortgage market, again we need to see buyers in the property sector emerging and deals being struck.

While there is every chance that we could look back on the last couple of weeks in the future and see them as a turning point for the UK economy, nothing is guaranteed in these very difficult times. A quick glimpse at the UK press will show job losses increasing, businesses going out of business on a daily basis and property prices continuing to fall. Even though the level of hope within the UK population and UK business arena may be moving higher, we are not out of the woods yet.

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